by - October 31, 2012 12:20 pm
Wage costs rise more slowly in the U.S.
Employment costs rose at a slower pace in the third quarter compared with the prior three months, indicating workers have limited scope to bargain for higher wages as the U.S….
Tag: U.S. economy
by - October 29, 2012 7:10 pm
Hurricane Sandy threatens $20 billion in economic damage
Hurricane Sandy may cause as much as $20 billion in economic damage and losses as the biggest Atlantic storm floods homes, disrupts millions of fliers, and forces retailers to close…
by - October 26, 2012 1:45 pm
Growth in U.S. exceeds forecasts on consumer spending
Economic growth in the U.S. was stronger than forecast in the third quarter, propelled by gains in consumer spending, defense outlays and homebuilding. Gross domestic product, the value of all…
by - October 25, 2012 1:46 pm
Pending sales of U.S. existing homes rose 0.3% in September
Americans signed fewer contracts than forecast in September to purchase previously owned homes, a sign the industry’s recovery will be uneven. The index of pending home resales climbed 0.3% after…
by - October 23, 2012 6:36 pm
Dow Chemical will eliminate 2,400 jobs, close 20 factories
Dow Chemical Co., the largest U.S. chemical maker by sales, will cut about 2,400 jobs and shut 20 manufacturing plants to reduce annual costs by $500 million in the face…
by - October 23, 2012 6:31 pm
Mortgage lenders see tighter credit under new U.S. rules
Mortgage bankers and Realtors are warning that it could become even harder for borrowers to qualify for a home loan early next year as the industry faces a barrage of…
by - October 19, 2012 3:30 pm
Sales of existing homes fall in U.S. as supply dwindles
Sales of previously owned U.S. homes decreased in September from the highest level in two years, restrained by a lack of supply that may keep pushing prices up. Purchases fell…
by - October 17, 2012 4:13 pm
Home starts jump to four-year U.S. high
Housing starts in the U.S. surged 15% in September to the highest level in four years, adding to signs of a revival in the industry at the heart of the…
by - October 16, 2012 5:04 pm
Industrial output rises in sign U.S. economy is stabilizing
American manufacturers churned out more appliances, clothing and construction supplies in September, indicating a mainstay of the early part of the economic expansion is regaining its footing. Output at factories,…
by - October 15, 2012 8:15 pm
Retail sales beating forecasts support U.S. growth
Americans snapped up goods from cars to iPhones in September at a faster pace than forecast by economists, showing consumer demand was heading into the year- end holidays on a…
by - October 12, 2012 3:02 pm
U.S. posts fourth-largest budget deficit since World War II
The government budget deficit in the U.S. for the year ended in September was the fourth-largest since World War II as lawmakers debate the impact of the looming spending cuts…
by - October 12, 2012 1:38 pm
Finance chiefs appeal for U.S. to steer away from fiscal cliff
The U.S. is facing pressure to avoid running off its fiscal cliff amid warnings that failure to change course would trigger another global recession. “People are concerned,” U.K. Chancellor of…
by - October 10, 2012 7:18 pm
Fed’s Fisher says ‘mordant fiscal predicament’ is curbing growth
Federal Reserve Bank of Dallas President Richard Fisher said the “mordant fiscal predicament” of the U.S. government is weighing on growth and preventing companies from hiring. “The great inhibitor of…
by - October 10, 2012 12:21 pm
Drop in openings signals limited U.S. job growth
Job openings in the U.S. dropped for a second straight month in August, indicating companies are reluctant to beef up payrolls through year-end without faster economic growth. The number of…
by - October 7, 2012 5:14 pm
U.S. gasoline rises to $3.8375 a gallon in Lundberg survey
The average price for regular gasoline at U.S. filling stations rose 0.37 cent in the past two weeks to $3.8375 a gallon, according to Lundberg Survey Inc. The survey covers…
by - October 5, 2012 2:24 pm
U.S. jobless rates fall with shrinking labor force
The unemployment rate in the U.S. unexpectedly fell to 7.8% in September, the lowest since President Barack Obama took office in January 2009, as employers took on more part-time workers….
by - October 4, 2012 2:19 pm
Orders to U.S. factories plunge on airplanes, computers
Orders placed with U.S. factories fell in August by the most in more than three years, signaling that slowdowns in business investment and exports restrained the economic expansion. The 5.2%…
by - October 1, 2012 7:12 pm
Manufacturing in U.S. unexpectedly grows on orders
Manufacturing unexpectedly expanded in September after three months of contraction, reflecting stronger orders that ease concern the U.S. economy will slow further. The Institute for Supply Management’s factory index rose…
by - October 1, 2012 6:25 pm
U.S. households face $3,446 tax hike from fiscal cliff
U.S. households are facing an average tax increase of $3,446 in 2013 if Congress doesn’t avert the so-called fiscal cliff, the nonpartisan Tax Policy Center said in a study released…
by - September 28, 2012 6:12 pm
U.S. consumer spending stalls as fuel prices jump
Consumer spending stalled in August after the surge in gasoline prices squeezed Americans’ paychecks, showing the biggest part of the economy is struggling to contribute to the economic recovery. Purchases…